Cryptocurrency trading platform BitMEX pleaded guilty Wednesday to failing to maintain an adequate anti-money laundering program, oversights that paved the way for what federal prosecutors described as "large-scale" illicit finance and sanctions evasion. A 12-page indictment in the Southern District of New York alleges that BitMEX, registered in the Seychelles since 2014 as HDR Global Trading Limited, knowingly served thousands of U.S. customers without registering with the Commodity Futures Trading Commission, also known as the CFTC, and without requiring clients to disclose, let alone validate, their identities. While BitMEX publicly claimed to have withdrawn from the U.S. market in September...
The U.S. Attorney’s Office for the Southern District of New York announced that HDR Global Trading Limited, also known as BitMEX, pleaded guilty to violating the Bank Secrecy Act.